This weeks news from the central London boroughs

A weekly round up of the latest property news from the central London boroughs.

Camden

EG reports that UBS’s Central London Office Value Added fund has put its final four buildings on the market – including 110 High Holborn, WC1, which has an estimated value of £110m.

City of London

EG reports that law firm Wedlake Bell is under offer for 45,000 sq ft at 71 Queen Victoria Street, EC4, in a deal that could trigger the sale of the entire building.

EG reports that Angelo Gordon and Hondo Enterprises have signed the first tenants at the Relay Building, E1. General Assembly and Smartfocus have taken 10-year leases on the 15,000 sq ft first and second floors.

CoStar News reports that Korean Life Insurance is preparing to offload Eversheds’ City of London HQ. Agents have been pitching for the instruction to sell the 160,000 sq ft property at One Wood Street for up to £190m, reflecting a reversionary yield of around 4%. Agents are yet to be appointed to handle the sale.

City of Westminster

PW reports that homeware retailer Wilko has agreed  deal for 526-528 Oxford Street, W1. The 10,200 sq ft unit, currently occupied by Mothercare, will net owners Great Portland Estates around £1.2m a year in rent.

EG reports that UBS’s Central London Office Value Added fund has put its final four buildings on the market – including 12 Golden Square, W1, which has an estimated value of £50m.

The Cicerone Fund has acquired the long-term leasehold of the Waterstones flagship store located in 203-206 Piccadilly for £92m from Meyer Bergman European Retail Partners II.

SushiSamba has agreed terms with CapCo to occupy the Opera House within Covent Garden’s Market Building. The Opera House is located at the top of the Grade II listed building and compromises 9,000 sq ft, including a balcony.

Hammersmith & Fulham

PW reports that landowner Cargiant and developer London & Regional Properties have unveiled the masterplan for the 46-acre site at Old Oak Common. Plans include 7,000 new homes (down from 9,000 in order to accommodate public realm improvements).

Southwark

PW reports that famous restaurant chain The Ivy has secured 8,000 sq ft of space at One Tower Bridge, SE1.

EG reports that UBS’s Central London Office Value Added fund has put its final four buildings on the market – including 160 Blackfriars Road, SE1,, which has an estimated value of £75m.